Energy Dept. may revive auto industry loan program
The electric vehicle maker Tesla Motors paid off its $465 million loan nine years early, while another electric automaker, Fisker Automotive, collapsed after drawing nearly $200 million in federal loans.
The story also notes that some lawmakers have urged Moniz to expand the program, which hasn’t made a new loan since early 2011, to companies such as auto parts suppliers.
Moniz talks about the loan program in a wider interview with the paper. Check out the whole story here.
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